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Apr, 03 2018

Nakheel's first project outside Dubai

The project will be developed by Nakheel and managed by its retail subsidiary, Nakheel Malls

Nakheel's first project outside Dubai

A joint venture had been signed between Sharjah Investment and Development Authority ( Shurooq) and the master developer Nakheel  to built new community retail centre to Sharjah.

An estimated development value of Nakheels’s first project outside Dubai is around AED75 millon.

The agreement between Shurooq and Manchanda says that the two organizations will build a shopping, dining and leisure hub in Sharjah’s Rahmaniya district.

The details of this project will be disclosed this year but for now the opened information is Nakheel is the developer and the project will be managed by its retail subsidiary.

The project will be developed by Nakheel and managed by its retail subsidiary, Nakheel Malls. Design work is underway, and details about the new project will be unveiled this year.

Al Sarkal said, “We work with a variety of partners to help realise Sharjah’s full potential, investing and developing its social, cultural, environmental and economic growth, which falls in-line with the wise directives and vision of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council Ruler of Sharjah.

"This new partnership with Nakheel is another step in the right direction. With its reputation as a world leading real estate developer, we are excited to welcome Nakheel on board.”

Manchanda added, “We are delighted to be playing such a key role in the future of up and coming Sharjah communities, and look forward to a long, successful relationship with Shurooq.”

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